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to bill clinton levels. interesting, on the op ed page of investors business daily today, what they talk about is because the president loves the bill clinton era, forget about the tax rates. how about bringing spending in line with what it was when bill clinton was president of the united states? the last year of the clinton presidency, government expenditures were 18% of gdp. now over the last four years, they've averaged about 25%. so idb says adopt the spending levels and restrain the cost, mr. president. not the tax rates. cut the spending, not the -- >> gretchen: it's kind of like that duh sound on the simpson show. people know this. people know this is what it's going to come down to yet it's this posturing. now headlines, chaos in cairo. president morsi returning to his palace overnight. he took off amid violent protests between police and protests, 100,000. they're outraged over morsi expanding his powers. hello, you elected him -- but the muslim brotherhood calling for its own protests over alleged abuses by the opposition. several tv stations in egypt going back to protest the
president bill clinton. ben's father vinod is an old friend of the clintons'. over the years, he's donated thousands of dollars to theirs and other democratic campaigns. and over time the families became close friends. >> ben, a beautiful man with a beautiful life. some people live four times as long and don't do as much good or bring as much joy. >> why did you decide to call me? >> i called you in desperation. i wanted to know what to do. i just knew that somebody needed to do something, but that's why i called you. i thought you -- a, i knew you'd care about it. and, b, i thought you'd know something about it. >> i could tell in your voice that you were pretty broken up. what kind of kid was he? >> a light shined out of him. that's all i can tell you. he grew up, he was big, strong, handsome, smart and wanted to make something of his life. he was industrious, but he was normal and liked to have a good time. i promise you that night he had no idea that he was turning out the lights. none. and if it's true of him, it's got to be true of a lot of other people. >> as soon as people hear tha
the capital gains tax rate is cut, revenues soar as they did under bill clinton. in fact, president obama was asked this in a tv interview during the campaign and he said i know that's what the numbers show but i still want to raise the top rates. if ever there's a supply side tax rates where lower rates produce higher rates it's capital gains. >> that's right. people start taking gains and hold on to what they have. that means capital is not put to work. in the early 1990s the economy was starting to get a real head of steam. not enough to save george h.w. bush but that slowed in '93 and '94. when republicans came in, cut spending, killed hilary care and alan greenspan had a sensible monetary policy, the economy started to recover and then clinton got the religion, he cut capital gains. >> steve is giving your man all these kudos and you're not taking them. >> two things first, larry, didn't president reagan raise the capital gains tax rate? >> in a tax reform plan he did. >> exactly. that's my point. was that class warfare when he did that? was that class warfare when he did that. >> re
rate we had when bill clinton was president and our economy kree aed nearly 23 million new jobs. >> and there are reports that republicans are considering a doomsday plan should talks break down. according to senior republican sources the gop would allow a vote on extending bush tax cuts for the middle class and nothing more. under one variation of this plan, house republicans would vote present on the bill to voice their disapproval but still allowing it to pass entirely on democratic votes. >>> with hillary clinton wrapping up her final trip abroad as secretary of state, president obama is expected to announce his pick to replace her at the state department as early as this week. the white house says no decision has been made. but u.n. ambassador susan rice and john kerry are rumored to be the top choices. senator john mccain, one of rice's most outspoken republican critics has been a long time friend of kerries in the senate and there was a light moment between the two at a press conference yesterday. >> i would hope our colleagues would leap at the opportunity to do that. se
-bowles commission. because in other words it came from bill clinton's chief of staff. this is where the proposal -- >> -- >> listen that's a point. that's how extreme this is, bob. and -- >> in terms of -- does not have the rate reductions, does not convert medicare and does not convert medicaid to a voucher. it doesn't have the structural changes that are objectionable to the democrats. there's a lack of specifics here. but if i'm the president i'm thinking they're putting $800 billion on the table in removing deductions and exemptions i'm going to pocket that and add some of the additional revenue from rates i can get from allowing rates to expire. >> we're going to be talking to senator johnson this morning also xavier becerra about the details or lack of details in the two competing plans at this point and how much bowles is connected or not connected to this plan. still ahead this morning on "starting point" a young cancer patient missing from a hospital and her life depends on finding her. we'll tell you what happened when police found her father. that's coming up. this holiday, share ever
. it is disappointing in the sense. if it were president bill clinton, you might think that something. ideas might be exchanged with one another. >> steve: some folks suggest that maybe the president would offer him secretary of business. >> gretchen: really? wait a minute. what percentage of people watching right now think that president obama would offer mitt romney secretary of business. >> brian: that is. >> gretchen: that would be fantastic but i doubt it. >> brian: in reading his bio. one of the business mistake was working in the cabinet for president nixon. i am personally kind of disappointed that bee are talking about tax rates for the rich. >> steve: campaign. >> brian: what about the middle class people standing in the back drop as they need a break and the president urging for something to be done yesterday and there is no scheduled meetings with john boehner. >> gretchen: it is annoying to see just a campaign. how many people are tired of a campaign speech. why not come to the table and figure it out. i don't understand it. >> steve: at this point, both sides know what they will give
. stuart: i think he had a round of golf with former president bill clinton just the other day. >> yeah. stuart: and bill clinton was-- you voted for him, twice. >> i sure did, he was a good president. stuart: do you think there's they chance that some of the moderation of blirn will rub off on the leftism of president obama? >> no, i think that clinton's leverage is gone totally. he supported obama totally in the election. without clinton i don't think that obama would have been reelect and that's what he did for him. and what clinton could do in the future, i don't know. i don't know why obama is so insistent on higher tax rates except it fits his rhetoric. stuart: at the end of the day, i think that the republicans will actually submit on the issue of higher tax rates. it may be just tax rates higher for those making half a million a year, i think they'll retreat a little bit. >> i think, too, what i'd like to see the republicans do, i'd like to see them pass a bill extending tax cuts below $250,000 and everyone agrees those should be put through and then put through another bill tha
, wolf. >> reminds me of that stalemate back in the '90s during the clinton administration when bill clinton was president, newt gingrich was speaker, the threat to shut down the government. bill clinton didn't blink. the republicans didn't blink. they shut down the government. the republicans were blamed by and large for that shutting down the government even if it was only for a few days. a lot of the democrats who served worked for bill clinton at that time are working for this president right now. they remember that government shutdown stand-off. let's see if that affects their thinking going forward right now. thanks very much, jessica, for that. >>> there's bad flooding in california right now. what does it mean for the state's most famous wine producing regions? we'll have the latest on that. a lot more news coming up. ienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. aww, not the mall. well, i'll do the shopping... if
surpluses that bill clinton left us, but because george w. bush went in front of the microphone and said, "i have political capital and i'm going to cut everybody's taxes," he then put two wars on the credit card and that was the end of the surpluses. we went into deficits, deficits as far as the eye could see. deeper and deeper in debt. so you might ask, then, "senator boxer, why are you now supporting those tax cuts being renewed for 98% of the people?" and the answer is, it's a different time and a different place. we're getting out of a recession and we can make up the moneys we need to balance this budget by going just to the top rate, going to the people over $250,000. remember, this plan that we passed in july -- if we could go back to that chart -- that gives a tax break on the first $250,000 of income. and, in essence, giving everybody a tax break on that first $250,000. it's only after that that the taxes go back to clinton era. and because this is a different time and place, i support giving a tax break, continuing it for 98%, but asking the wealthiest to pay their fair share for
for tax reform and robert reish, former secretary of labor for president bill clinton and the author of "beyond outrage." none of the three of us are beyond outrage, grover norquist, which is why i keep having you back. the situation it seems to me as an impartial observer here is that both sides have now made fairly ludicrous offers that they know the other side is never going to accept in a million years. that does beg the question, grover, why bother, given that both sides know where they need to move, why the games? >> well, it's not clear that both sides know. the week after the election, president obama was asked do you have to have the higher rates or could we have deductions and credits and he said he was open to negotiations. three weeks later, after thanksgiving, he shows up and all of a sudden there's a line in the sand on rates that had come out of nowhere, so the president seems to be moving the goal posts in a deliberate effort, i don't know, to extract something, to push people over the fiscal cliff. something's going on and it's not clear because he's not where he use
under bill clinton. what newt gingrich thinks it will take to avoid that happening again. >>> plus one of my personal heroes, the fastest man in the history of planet earth. ja ma jamaican sprinter usain bolt revealing a talent you may not know he has. ♪ let's get together and feel all right ♪ >> this is "piers morgan tonight." >>> good evening. our big story tonight, you are so hot, america. i mean that literally. the temperature was a balmy 60 degrees this afternoon in new york just outside cnn's studios. the average high temperature in december is normally 43. a warm front has flooded the lower 48 states. quite extraordinary but is it evidence of man-made global warming? that's tonight's battleground america. joining me now, bill nye the science guy and mark morano, the publisher of climate depo.com. welcome to you both. let me start with you, mark, if i may. you are implacably opposed to the concept of man-made climate change. why? >> we followed the evidence. there are quite literally hundreds of factors that influence global temperature, everything from tilt of the earth's ax
that looming fiscal avalanche can we expect anything big to come out of it? doug schoen former adviser to bill clinton. monica crowley, fox news contributor. i it's the thing to do. you get a call. >> president obama has a pattern of inviting political opponents, business leaders to the white house for some sort of confab. what it kals end ends up being is a photo opportunity so he looks like he's extending himself to the opposition, he's bipartisan, and he is neither of those things. bill: would you accept that invite. >> i would accept in a heartbeat. bill: monica is saying nada on this. >> i would be more optimistic on this. we are groping for bi-partisanship. if governor romney has things to share and ways to bridge the fiscal cliff this is all good. bill: we went back to the vault to figure out what they are not going to talk about. we found this first of all, okay. i want you to listen to. roll it. >> i've been in business for 25 years. i have no idea what you're talking about. i had a friend who said you don't just pick the winners and losers, you pick the losers. bill: i've been in bus
they generate a surplus in these times. >> they did it during bill clinton. >> that was a couple decades ago. >> lyndon johnson was president. it can be done. both parties are guilty. the democrats spend more money without raising taxes. you can't do those things. this is a balance sheet deal. this is not a democratic versus republican issue. the difference between the parties is how much taxes and how many cuts. you need both. we are going to be in for some rough economic times, but it's going to be two quarters. that's what's going to have to happen. i don't think the compromises will be made that need to be made. let me say something about sbiesbie entitlements. we can get $400 billion out of medicare by doing one thing. and that's simply pay doctors and hospitals by the number of patients, not by the number of procedures they do. that's a simple thing to do. we need to pay by the patient, not by the procedure. you're going to have control over cost. >> gentlemen, thank you so much. appreciate your time. >>> in today's office politics, my conversation with "the today show" and willie geis
but they got things done. largest tax break in the american history. the 1990s bill clinton, newt gingrich, welfare reform, a balanced budget. confidence in our government to work together. since then we lost confidence in our government to do absolutely anything. we have left our children a $16 trillion debt. we have been in a war for 11 years. and nobody is feeling good about the future of america. look at your last couple interviews about how people feel about taxes. we dropped to number 16. can we get back to number one? yes, we can, but it takes leadership. megyn: how well the government is performing is some of the criteria. your material well being. how secure people feel in their community. quality of community life and the quality of gender equality in the country. over there in switzerland number one, apparently they do have a lot of freedom. they just voted down a smoking ban but voted in favor of drive-in sex boxes. who is conducting the survey? >> i understand where you are going. who is conducting the survey. i was in zurich this summer. i don't remember all of that. but it's
and a failure of leadership and america deserves better. >> it's true when bill clinton left office in 2000 we had you are plus and the deficit would have been eliminated as we sit here today what changed that was the republican president and congress. what put us on the path we are on now is not democrats. we would have no collective debt at all if we had left in place the clinton budgetary strategy. megyn: what do you make of that quote. >> what i'm responding to is i think what we are dealing with is a tell poar a temporal thing. it would drive the markets down and create say could and uncertainty. the president is saying we can't go through that again. megyn: he's wanting not only to raise it but to have uniform authority to raise. a fewer years ago they were saying that was a failure of leadership. >> he may not get it but he's right to argue that way the republicans have been doing this has been irresponsible. let's get this done in the way our democracy has worked the for hundreds of years. not this new extraordinary thing. i think he's right to put pressure on the republicans. megyn: i
illness. it's an example of how you can form a friendship at these meetings. bill clinton had beat the sitting president, george herber walker bush, and they met similar to the way romney and obama are now, and now clinton and 41 are dear, close friends and have done many constructive things together around the world. i think, by and large, these meetings, the luncheon today, will be about optics. it's the photo ops. it's a chance to say america is united. there may be an opportunity here for mitt romney to come out and talk about the fiscal cliff or saying we must avoid falling off it towards something that could be helpful to the white house in the end. i remember back in 2008 it was john mccain that met with president obama. they met in his office in chicago. not at the white house. it seemed like that was the beginning, potentially of two leaders really working together. we have since seen that deteriorate. >> we can't judge personal kem tri. i think barack obama has more at stake in this lunch in the end than mitt romney. if obama can get romney to say something positive about
is what has to happen, all right? the president needs to take a page out of president bill clinton -- >> he's in philadelphia with the middle class behind him and nodding and saying, i've got a pen, i've got a pen. i've still got a pen, i've still got a pen. >> president obama owes president clinton a great deal for helping him get elected. number one, we need a meaningful citizen education engagement effort with the white house in formada, next year to build the case for a grand bargain. the official version of what i did and what my colleagues did over the last several months and we need congressional hearings that will set the stage for tax reforms, social security reform and the president needs to negotiate privately and have discussions with congressional leaders of both parties privately. those three things can get us to the promt promise land. and without all three of those, we're in trouble. >> but, david, that is exactly what was supposed to happen between july of 2011 and today. and guess what? none of it has happened. none of it. we're having the same conversation. >> yo
was still looking for that information. bill: so secretary clinton you believe will testify at some point? >> she absolutely has to testify. let's not forget in the mids t-frbgs thst of the election she came forward and said she took responsibility for that. this is a state department, this is a consulate. ambassador stevens worked for the state department. we need to understand why given the prior attacks on that consulate they won't secure it. bill: she has suggested a willingness to appear too. >> i think she has to. bill: it might be on tv if it's public too. >> it's critical that she appear. bill: thank you, kelly ayotte, republican senator there. we will follow this. to our viewers if you have questions, bya, because you asked and the email to hemmer@foxnews.com. or follow me on twitter at tweet@bill hemmer. get curious about what is in the news today and fire away. lines are open. man, so many questions still. three months down the road. those families. martha: a lot those families need to know. and also on this point we are searching for some answers this morning. the parents of m
deficits through all those years. it was only on the partnership of newt gingrich and bill clinton, and i might also add, some of the most aggressive spending reductions that we've seen in my lifetime, that we were able to create budget surpluses if you include the social security trust fund. there was a sleight of hand going on as we look at this chart, not what's going on in the cash flow budget. there was a cash flow for four years. then the tech bubble bursts. 9/11 happens. and we get into these bush years where you see some of the largest deficits in american history during the bush years. response to 9/11, response to the war in iraq and afghanistan , some of the largest budget deficits in american history on our republican president's watch, on a republican congress' watch in response to some tremendous crises but largest deficits in history. frightening deficits. and mr. speaker, those deficits are barely noticeable compared to where we are today. largest budget deficits in american history during the bush years. deficits so large they were threatening our economy and president bu
president, bill clint clinton, which is why the republicans wanted to put this forward, he proposed this back in november of last year, testified before a committee here. and he said that this is generally the plan that should go in place. so what these republicans aides who briefed us on this are saying is they decided not to go ahead and respond to the white house offer, which they brought up last week and, remember, republicans said was not serious. instead of responding to that with what republicans have long pushed, for example, the paul ryan budget, they decided to go with this, which is in the words of one staffer, a plan that everybody detests. so they want to start with a framework that nobody likes because that way they each side will maybe be able to give a little bit more. this is definitely a big move, because the republicans are -- democrats said the ball was in their court. they obviously agreed. they're sending a proposal back to the president right now. >> message received. let me give you a moment to catch your breath and thank you as we're hearing stand by. we're
Search Results 0 to 24 of about 25 (some duplicates have been removed)